HDIL has target of Rs 330: Gautam Vora

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HDIL has target of Rs 330: Gautam Vora

HDIL has target of Rs 330, says Gautam Vora, Director, ULJK securities.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » RELATED NEWS HDIL has resistance at Rs 345: Sanjeev Agarwal Buy HDIL; target of Rs 333: IndiaInfoline ALSO READ See previous views by Gautam Vora See what other Experts & Brokerages are saying about HDIL See messages about HDIL HDIL BSE | NSE 30/05/12 Are Mutual Funds betting on HDIL?

HDIL has target of Rs 330, says Gautam Vora , Director, ULJK securities.

Vora told CNBC-TV18, "Nothing to look for in infrastructure but in real estate a couple of stocks like HDIL might be worth to take a look at and HDIL last time I checked was about Rs 310 or so. A good price to get on that stock would be Rs 5-7 below where it is right now for a target of about Rs 330 or so."

He further added, "Another stock that we like for a pullback is Indiabulls Real Estate , which we think can easily pull back to about Rs 186 or so on a technical pullback. But these are just mainly for technical pullbacks and not much of a long term trade in there."

HDIL closed at Rs 308.05, down Rs 0.9, or 0.29% with volumes of 1,493,270 shares. Currently it is 363.58% above the 52-week low of Rs 66.45. The company's trailing 12-month (TTM) EPS was at Rs 13.90 per share. Its Market Cap stands at Rs 10,653.68 crore.